Accounting for IGCSE & O level - Accounting Procedures (Section 23 - No. 18)
In the context of control accounts, what does "irrecoverable debts written off" represent?
The amount of cash received from customers.
The value of goods returned by customers.
The amount of debt that is no longer collectible.
The value of goods sold to customers on credit.
Explanation
Irrecoverable debts represent amounts that are unlikely to be collected from customers.
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